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New Zealand implements strict measures: bans Crypto Assets ATMs and restricts international cash transfers.
Gate News bot message, the New Zealand government has taken significant steps to combat Money Laundering and illegal fund flows. It has been reported that New Zealand will comprehensively ban the use of crypto assets ATMs and impose a $5,000 limit on international cash transfers. This decision is an important part of the country's AML and anti-terror financing system reforms.
New Zealand's Assistant Minister of Justice, Nicole McKee, issued a statement on Wednesday announcing the latest reform proposal. This move aims to strengthen the control over Money Laundering and criminal financing activities, reflecting the New Zealand government's determination to combat financial crime.
Source: Decrypt